Rupert Murdoch’s Fox Corporation have filed a lawsuit again Betfair Paddy Power owner Flutter regarding a dispute over the share value of US sport betting firm FanDuel.
In a statement by the media corporation it said that it has an option to acquire 18.5% of the shares in FanDuel and at the same price as Flutter Entertainment in December 2019 when both FanDuel and Flutter merged.
It is claimed that Fox is allowed to acquire the shares at the same value as Flutter did as Fox assisted with the merger of the UK and US companies which was valued at $11.2 billion.
Now with Flutter considering listing part of their business on the US stock Exchange Fox wants the shares at the same price not at the offered special price Flutter gave them in July last year.
Flutter is the largest gambling company in the World and the company sees the US in helping it grown bigger, but the possibility of alienating Fox could be dangerous and create what was an assistant into a competitor.
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